Quote Originally Posted by bull.... View Post
roughly based on those 2008 results then at current prices pe would be 6.5
75% payout ratio would be 25c - 30c div giving a yield of 9 - 10%

at $4 share price pe 10 yield 6.25% very rough and quick but shows potential upside if the year goes good and the wildcard is they do a bumper div to make up for the last few yrs of hardly anything

If they can lift throughput that would bump up revenue and profit big time
I noticed Z operations update and there fuel sales are well up which is a big thing for a petrol company so i dont think they have got more market share and it is more likely demand is up because of lower petrol price - more driving being done so extrpolated across all petrol companies this extra demand could provide the extra through put at nz refining?
High throughput is almost guaranteed because it is currently more efficient to refine here therefore they should be very near full capacity?